PONDERMATTERS_LIMITED - Accounts

PONDERMATTERS LIMITED - Company Information

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PONDERMATTERS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Company Registration No. 03787835 (England and Wales)

PONDERMATTERS LIMITED

COMPANY INFORMATION

Director

N B Fitzpatrick

Secretary

A N Fitzpatrick

Company number

03787835

Registered office

Carlton House

Grammar School Street

Bradford

BD1 4NS

Accountants

Naylor Wintersgill Limited

Carlton House

Grammar School Street

Bradford

BD1 4NS

Bankers

Santander

176 St Vincent Street

Glasgow

G2 5HN

PONDERMATTERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

PONDERMATTERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Current assets

Stocks

37,512

34,154

Cash at bank and in hand

228

1,803

37,740

35,957

Creditors: amounts falling due within one year

(138,561)

(128,921)

Total assets less current liabilities

(100,821)

(92,964)

Capital and reserves

Called up share capital

Profit and loss account

(100,831)

(92,974)

Shareholders' funds

(100,821)

(92,964)

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 23 December 2015

N B Fitzpatrick

Director

Company Registration No. 03787835

PONDERMATTERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis as the director has indicated that he will continue to support the company for the foreseeable future.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

1.5

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Share capital

2015

2014

Allotted, called up and fully paid

10 Ordinary of £1 each

Related party relationships and transactions

Loan from director

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

N B Fitzpatrick - Loan

37,204

1,529

38,733

37,204

1,529

38,733